Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following key figures (in sh. million) have be

The following key figures (in sh. Million) have been ex Ltd for the financial yoar...

90.2K

Verified Solution

Question

Accounting

image

The following key figures (in sh. Million) have been ex Ltd for the financial yoar ended 31 December 2015. Ld and Key figure MN Ltd. RS Ltd. 108.6 209.8 Cash and cash equivalent Accounts reccivable Retained Earnings 1,674.7 561.7 1,396.6 563.7 3,043.4 1,145.3 6,065.5 2,294.0 12.5 o Inventories y Cost of sales 8Income taxes - 253.4 9,553.1 Revenues Net Sales Total Assets- - 3,643.6 5,397.4 1,756.1 Required: (a) Compute the common size percentages for both companies using the data provided. (b) Which company incurs a higher percent of their revenues (net sales) in income taxes? Explain (c) Which company retains a higher portion of cumulative net income in the company? Explain. (d) Which company has a higher gross margin ratio on sales? Explain. (e) Which company holds a higher percent of is total assets in inventories? Explain. [16 marks] [2 marks] 12 marks) [3 marks] 12 marks] Total: 25 marks)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Prepare a budget (one month) for An Internet Startup Advertising company. This Internet company has 3...

Programming
1.2K views

Time sensative (linux). Please 1)Show all lines that have only the word hello in file file1. 2)Show all...

Accounting
1.2K views

You prepared the tax return of Pete Kazda. After you delivered the tax return, Mr. Kazda...

Statistics
1.2K views

The National Academy of Science reported that 33 of research in mathematics is published by...

Calculus
1.2K views

1 0 1 Points DETAILS Find the area of the region that is bounded by...

Accounting
1.2K views

ABC Corporation has net income of $68,710, a price-earnings ratio of 13.7, and earnings per...

Accounting
1.2K views

Drafting a Memo, Vehicle Purchase CleanWizards is a company in the business of cleaning carpets...

Accounting
1.2K views

Rita is a self-employed taxpayer who turns 39 years old at the end of the...

Accounting
1.2K views

The risk that may result in the auditor issuing an unmodified opinion on financial statements...

Accounting
1.2K views

Preparing an Income Statement, Statement of Retained Earnings, and Balance Sheet and Interpreting the Financial...

Finance
1.2K views

PLEASE HELP!!!! The K. Wilson, Capital account balance was \\( \\$ 179,000 \\)...

Finance
1.2K views

Which of the following is least likely to qualify for intellectual property protection? Select an...